US30 Intra-Week Analysis

Last week as predicted we saw a huge 500 pip sell off rejecting the previous All Time High and breaking out of the previous 35200- 34800 range us30 was stuck in. After this stop hunt us30 continued bullish around 75 pips past previous ATH creating a new one. This week we could expect to see a slight continuation of this overall up trend if/after a rejection of the 34850 area which is a key resistance level based on daily, 4hr and 1 hr timeframes. We haven't been seeing very much volume from us30 the past couple weeks as the US economy has been holding very steady with not many economic factors impacting the market.